Bowie Homeowners Insurance

Your Complete Guide to Bowie, MD Homeowners Insurance

Find the right homeowners insurance policy for you.

With more than 58,000 residents, Bowie is the city with the 5th highest population in the state of Maryland. This city features more than a thousand acres of parks and open spaces, 22 miles of walking trails, and 75 ballparks. It is also conveniently located within an hour’s drive of Baltimore and Washington, DC. If you own a house in Bowie, you will want to be sure to cover your investment with a suitable home insurance policy. Independent insurance agents can help you get the best and most affordable insurance coverage for your home. Find an agent in or near Bowie to learn more, and you can soon start comparing homeowners insurance quotes.

Cost of Homeowners Insurance in Bowie, Maryland

Maryland is the 32nd most expensive state for home insurance in the US. The average home insurance rate in this city is lower than the national rate, and in Bowie, it is even lower. That does not mean you don’t have room for big savings when you are shopping for coverage.

  • National average yearly premium: $1,173
  • Maryland average yearly premium: $982
  • Bowie average yearly premium: $936

Your actual home insurance quotes are likely to be different from the amounts above. This is because costs are calculated individually based on a number of factors. Your rates can be influenced by details such as: 

  • The size, age, and value of your house 
  • The number of occupants living in your home
  • The number of stories in your house, the materials used in its construction, and the age of your roof
  • The property crime rate and weather risks in your ZIP code
  • Your credit score
  • The amount of your deductible
  • Whether you are bundling your coverage with other policies like car insurance, life insurance,  or business insurance

Each insurance company has its own way of calculating rates, so comparing quotes lets you choose the homeowners policy that offers the best value. Independent agents in Bowie make comparison shopping easy.

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Burglary Rate in Bowie, MD

The burglary rate in Maryland is lower than the national average, and in Bowie, the rate is even lower. Of course, this does not mean that the risk doesn’t exist. Residents of this city report more than 120 burglaries in a typical year. 

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Maryland: 4.10
  • Number of burglaries per 1,000 homes in Bowie: 2.05

There are precautionary steps homeowners can take to lower their chances of a burglary, and one of the best is installing a burglar alarm. That is why most insurance companies offer discounts to policyholders who are using home security systems. Becoming the victim of a burglary is stressful. However, you may gain some comfort in knowing that your home insurance can reimburse you for your losses. If necessary, your local independent agent can assist you throughout the claims process.

Catastrophic Events in Maryland

  • Number of declared disasters in Maryland: 32
  • Most common reasons for disasters in the state: Floods and Hurricanes
  • Average number of tornadoes per year in Maryland: 9.9
  • Average amount of property damage per year in MD: $836,597,000
  • 1 in 15 insured homes has a claim each year.

Your homeowners insurance policy is designed to cover you against many of the hazards you are likely to face as a property owner in Bowie. This includes everything from accidental fires to severe weather events. An independent agent can help you review your structure and contents coverage limits so you can be sure that they are high enough. One of the biggest risks in Bowie is hurricane damage. Make sure that you have an evacuation plan prepared and plenty of supplies on hand before disaster strikes. 

You can strengthen your home by boarding up windows and doors and securing loose outdoor property. Keep in mind that while hurricane damage is covered by most home insurance policies, the flood damage that typically accompanies these storms is not. Your local independent agent can help you supplement your home coverage with a flood insurance policy through the NFIP.

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Liability Insurance for Bowie Homeowners

Your home insurance also includes personal liability coverage. Most people never need to use their homeowners liability insurance, but when they do, they find this coverage extremely valuable. Personal liability insurance is designed to cover the court costs, legal defense fees, and damages you may accrue if you are sued for a covered event. Some examples of times your homeowners liability coverage can help you include:

  • A guest in your home trips on a loose floorboard and is severely injured.
  • Your child hits a baseball through your neighbor’s window and it damages a piece of original artwork.
  • Your dog bites a deliveryman and he requires stitches.
  • A dead tree you’d been meaning to cut downfalls onto your neighbor’s storage shed.
  • You are accused of libel or slander.

Many residents of Bowie have a lot to lose. Supplementing your coverage with an umbrella policy can provide you with additional liability insurance so you can further protect your assets. An independent agent can explain your liability insurance options in greater detail.

Second Home and Vacation Home Insurance

Some residents of Bowie own more than one home. If you are among them, you will need to make sure that all of your properties are insured with appropriate policies. A house that is not your primary residence has additional risk factors that insurance companies will frequently take into consideration. If you own a vacation home along the coast, it may have a greater risk of weather-related damage than your Bowie home. Also, if your vacation home is left empty for several months out of the year, it has an increased risk of property damage. 

In that case, you may need to consider vacant home insurance for the times it is unoccupied. Many people use second homes as investment properties. If you rent out a second home to tenants, such as to students at Bowie State University, you will have higher liability risks. In this case, you would need to cover the property with a landlord insurance policy. Your local independent agent can help you find the best and most reasonably priced policies to cover all of your additional homes.

Why Work with an Independent Insurance Agent?

The easiest way to find the best price for a reliable homeowners insurance policy is by working with an independent agent. These agents work for you, not for a specific insurance company, so you can be sure that you are getting the coverage you need at a price you can afford. Independent agents in Bowie are ready to help. 

Contact an agent near you to start comparing customized home insurance quotes.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com